In the US, gas still really isn’t that expensive. At least it doesn’t seem that way if you compare it to the prices in Asia (look at the chart to the right, published in The Economist a couple of weeks ago.)
The article talks about putting caps on fuel prices and argues that not only are price controls no long-term cure for inflation, but if domestic fuel prices are not allowed to rise in line with crude-oil prices, then motorists from Beijing to Bangalore will guzzle more oil. This, in turn, pushes global oil prices higher.
Let’s not even get into the prices of gas in Europe, shall we?